Monday, June 6, 2011

allAfrica.com: Africa: Time to Bury the IMF (Page 1 of 3)

t was a fitting metaphor as Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF) was arrested on charges ofassault, attempted rape and sexual abuse. The charges were brought after Strauss-Kahn assaulted an African woman from Guinea, who worked as a housekeeper in a hotel in New York City.

The image of Strauss-Kahn in handcuffs was fitting insofar as this is the image that should be presented of the entire international financial system thatis anchored in the Bretton Woods Institutions. For over 60 years, these institutions (the IMF and the World Bank) raped citizens of the world, especially the citizens of the poor countries, on behalf the United States and the top capitalist nations in Europe.

The IMF has been a front for the lords of finance of Wall Streetin the USA, and the linkages between the IMF/Wall Street and the US Treasury ensured that the poor of the world subsidised the US military. As junior partners in the imperial chain of domination, the Europeans worked with the Wall Street-Treasury alliance to ensure that despite presenting arguments about free market competition, agriculture in Europe andthe USA was subsidised. In pursuit of the alliance of financial rapists and economic terrorists, it was an unwritten rule that the managing director of the IMF should be a European.

The current French finance minister is campaigning hard to becoming the next managing director and has received the support of an institution that is as moribund as the IMF, the Group of 8 (G8). It is a measure of the disrespect that the capitalists have for Africa that they could propose Christine Lagarde as the candidate to be the next managing director

http://allafrica.com/stories/201106040033.html

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